Nigeria’s SEC will enforce regulations on unregulated crypto businesses, protecting investors while encouraging innovation in the growing market.
Nigeria’s Securities and Exchange Commission (SEC) plans to start enforcement actions against businesses and individuals involved in unregulated cryptocurrency transactions.
Emomotimi Agama, the Director-General of Nigeria’s Securities and Exchange Commission (SEC), announced that Nigeria will be taking action against entities attempting to offer cryptocurrency services without proper regulation, according to a report by the local news agency Nairametrics on Sept. 9.
Nigeria’s SEC director-general Emomotimi Agama. Source: News Central
